Leading global position in a number of its printing and personal computing markets. Threats of diminished printing relevance, alternative supplies, and challenges to ramp up new technologies. U.S. dollar strength has led to revenue declines and challenged revenue growth prospects. Our expectation for declining revenue performance should continue to constrain earnings growth and free cash flow over 2016. Modest financial risk profile, with leverage of about 1.6x over the next two years. Recent profitability declines and shareholder return target of 50%-75% of its free cash flow mitigate deleveraging prospects in 2016. The stable outlook reflects our expectation that HP Inc. (formerly Hewlett-Packard Co.) will maintain a leadership position in flat to slightly declining global printing and personal computing markets in
